Union Investment plans to spend around €60 million on redeveloping the Meister Areal retail park in Nuremberg, Germany, into a urban logistics hub.
The 100,000 square meter site on Virnsberger Strasse will host a new logistics facility spanning over 20,500 square meter and a local supply centre for residents and employees in the area.
The project aims to be nearly self-sufficient in terms of energy supply, and has already secured a long-term lease with German supermarket chain Edeka Group.
Source: propertyeu.info on the 16th of October